Amendment status not verified — confirm the current text below against the official source.
(1) The Comptroller of Finance shall be appointed by (he Chancellor in consultation with the State Government from among the offlcers of the Orissa Finance Service and shall be a whole lime officer ol the Universily. (2) The salary, allowances and other dues of the Comptroller of Finance . , shall be paid by the University. (3) The Comptroller of Finance shall, subject to Ihe conlrol ot the Vice- Chancellor - (a) be responsible for the proper investment of the lunds of the University; (b) exercise general supervision of such funds;. (c] tender advice wiih regard to financial transactions of the Univarsity; (d) be responsible for preparation and presentation of Ihe annual financial estimate and statements of accounts lor presentation by the Vice-Chancellor before Ihe Senate and the Executive Council; {e) snsure that all moneys are expended tor the purpose lor which they are granted or allotted by the appropriateauutoriiy; (F) examine the statements of accounts of Ihe University and submit a report on such exarnination'to Ihe Executive Council; and (g) shall exertse such other powers and perform such other functions as may be prescribed. (4) The Comptroller of Finance shall be responsible to the Vice-Chancellor for ensuring that no expenditure outsid€ the budgel is incurred by Ihe Universily olher than by way of investments and shall disallow any exbenditwe which is not permissible under the Statutes. ' (5)The Cwnplroller of Finance'shall have the righl to speak and otherwise take part in the proceedings of the Senate and the Execurive Councit as and when required, and in all such cases, his advice shall be recorded in the proceedings of the Executive Council as the case may be. but heishe shall nol be entitled Lo vote. (6)The advice of the Comptroller of Finance on all Iinancial matters shall be taken belore they are given effect to and. save as provided ih the provision 01 sub-sections (12) and (13) of section 10, wherever a decision is taken to Ihe contrary in respect of any expenditure exceeding thiriy thousand rupees, it shall be reported to the Chancellor.